Veritone’s (VERI) “Sell (E+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (e+) rating on shares of Veritone (NASDAQ:VERI) in a report issued on Wednesday morning,Weiss Ratings reports.

A number of other equities analysts also recently commented on VERI. D. Boral Capital reiterated a “buy” rating and issued a $6.00 price target on shares of Veritone in a research note on Tuesday, September 2nd. D Boral Capital upgraded Veritone to a “strong-buy” rating in a research note on Tuesday, September 2nd. Finally, Wall Street Zen upgraded Veritone from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $5.00.

Veritone Stock Down 9.1%

NASDAQ:VERI opened at $4.77 on Wednesday. The company has a market capitalization of $282.24 million, a price-to-earnings ratio of -5.75 and a beta of 3.23. Veritone has a one year low of $1.22 and a one year high of $6.43. The stock has a 50-day simple moving average of $3.69 and a 200 day simple moving average of $2.51. The company has a debt-to-equity ratio of 89.57, a quick ratio of 0.89 and a current ratio of 0.89.

Hedge Funds Weigh In On Veritone

A number of large investors have recently bought and sold shares of the business. NBZ Investment Advisors LLC bought a new stake in shares of Veritone during the first quarter valued at approximately $86,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Veritone during the first quarter valued at approximately $315,000. Capital Advisors Inc. OK bought a new stake in shares of Veritone during the first quarter valued at approximately $70,000. Virtu Financial LLC bought a new stake in shares of Veritone during the first quarter valued at approximately $30,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Veritone during the first quarter valued at approximately $102,000. Institutional investors own 39.18% of the company’s stock.

Veritone Company Profile

Veritone, Inc, together with its subsidiaries, engages in the provision of artificial intelligence (AI) computing solutions and services in the United States, the United Kingdom, France, Australia, Israel, and India. It develops and operates aiWARE platform, an AI operating system, that uses machine learning algorithms or AI models designed to mimic human cognitive functions, such as perception, prediction, and problem solving and optimization, as well as enables users to transform unstructured data into structured data, and analyze and optimize data to drive business processes and insights.